Review description
Week 5: Purchasing Insurance & Estate Planning
Course Objective:
CO5: Assess the insurance coverage and policy types available to homeowners and renters.
Assignment Instructions:
How do auto insurance rates in your state compare with rates in other states? Rates are based partly on the rates of accidents, injuries, and deaths in your state. Look at your state statistics concerning highway fatalities from the National Highway Traffic Safety Administration at http://www-nrd.nhtsa.dot.
Write a 1-2 page paper. Use the template provided. Follow APA format, including a title page, introduction, conclusion, citations, and five scholarly references (not Wikipedia or Investopedia). Turnitin report of no more than 20% similarity index is required.
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Purchasing Insurance and Estate Planning
Texas, just like other states, has implemented minimum requirements for car insurance. As such, it is illegal to drive without insurance as it jeopardizes the wellbeing of the driver and other motorists. Consequently, all car owners are expected to meet the minimal insurance requirements to drive on Texas roads. The minimum requirements depend on the state’s accident. Statistics from the Traffic Safety Performance (Core Outcome) Measures For Texas revealed that there were 3,722 traffic fatalities in Texas in 2017. As such, the number of fatalities per 100,000 in the state was 13.15, which was slightly higher than the national rate of 11.4. At the same time, Texas’ rate was relatively higher than that of the best state within the same year, which was 4.47.
(386 words)